Oil Prices Decline After Trump Signals Reduced Risk of U.S. Action on Iran

Oil prices fell sharply after U.S. President Donald Trump indicated that killings of protesters in Iran had stopped, easing fears of a U.S. military response and supply disruptions. Brent crude dropped nearly 3%, while West Texas Intermediate fell over 2%. The decline followed reports of rising U.S. crude inventories and resumed Venezuelan exports. Despite ongoing regional tensions and some U.S. military redeployments, market concerns over immediate supply shocks diminished, leading to a pullback in oil prices.